Grover Norquist on 'Carried Interest'

The president of Americans for Tax Reform, Grover Norquist, has a piece on FoxNews.com about Congress's attempt to raise taxes on "carried interest" of fund managers: "Not being ignorant cattle unwittingly led to the slaughter, investment fund managers won't simply 'eat' this tax hike. The most likely scenario is that the rest of the partners—limited parties such as defined benefit pension plans, university endowments, and charitable trusts—will see their share of the profits shrink. The true incidence of this tax hike will come in the form of underfunded pensions, endowments, and charities."

Thanks to a reader-participant-community member-watchdog-partner-content co-creator for sending the link.

by Editor | May 27, 2010 at 9:21 pmRelated Topics:Taxesreceive the latest by email: subscribe to the free futureofcapitalism.com mailing list